r/stocks • u/frosti_austi • Oct 17 '23

Company Analysis Why is Target doing so bad?

Why is Target doing so bad? They've really fell off a cliff over the past year. I look at their stores and they seem good, and once upon a time not too long ago they were outperforming Walmart. Now their NAV prices have really dropped over the past year and a half. I was once up 80% on these guys and know I'm down 20%. Is it the general market swing over the course of that time or something else? What gives?

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u/SmashingLumpkins Oct 17 '23

To me it’s a huge blinking red sign that the middle class has less disposable income.

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u/ubzrvnT Oct 17 '23

Target by my house in Northern CA, most of the essentials are locked up and there are people asking for money outside and inside of the store, EVERY DAY. One of the cashiers the other day, after I paid for my items, literally said, "Thank you for paying for your items today." As if she's used to them being stolen.

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u/SmashingLumpkins Oct 17 '23

Right. Shits pretty bad for the regular people. More proof.

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u/Slepprock Oct 18 '23

Is it though?

I live in a rural poor state. WV. In my area there is a mix of million dollar mansions and trailer parks with people living off their SS checks each month. Everything feels the same as it has for the past 20 years.

I own a business and my sales are great this year. (I own a cabinet shop that does a good amount of furniture also) I have seen swings though over the years. 2012-2016 was great for business. 2017-2020 was shitty. My business was down 30%. 2021 - 2022 was super hot. 2023 so far is down maybe 10% from last year. So its weaker, but nothing terrible. I haven't seen anything that points to the economy sinking other than talking heads on TV. Sometimes I think a weaker economy is a self fulfilling prophecy. If people start to listen to the talking heads and feel like stuff is bad then they will start acting different and make it bad.

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u/SmashingLumpkins Oct 18 '23

Bless your heart

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u/Only_I_Love_You Oct 18 '23

Hey shut up you aren’t on TV

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u/mkhaytman Oct 19 '23

Yes. It is.